Georgian fig exports bring the country a record amount

Selling figs outside the local market has become quite popular in Georgia over the past three years. The year 2022 is remarkable, as export revenues have crossed the $1 million mark, a new record. Georgia exported 890 tons of figs in July-August 2022. That is the highest turnover this year at 1.2 million dollars, which is due to a price spike. Export prices rose 40% from $1.00/kg in 2021 to a record high of $1.40/kg in 2022. Rising export prices are both good and bad news in the current context of high energy prices, the war in Ukraine and global economic instability. The good news is that despite the sudden rise in fig prices, export volumes have remained strong. This means that the demand for figs is somewhat high. The price increase has certainly led to higher revenues, but a large part of the price increase can be attributed to higher cultivation and transport costs. ...